This home is a great opportunity for an investor either as a rental or a flip.

I have a lead for an off market single family home.

@David HiteMake an offer with the numbers and terms that work for you.

Current plan is to take out an equity loan on the property (tax rolls have it at ~$300k) and use some additional cash to build 4 units, then refi, then build additional units until we have ~20 doors on the property. 

It is an older community without a lot of growth.

@Ben Magee, In my state (PA) a tenant may break a lease WITH NO PENALTY if a unit is uninhabitable for an extended period and the landlord has been unable/unwilling to correct it.

So I have a slightly unique situation (At least I think it is) but I recently assumed an FHA mortgage.

@Khadijah CelestineIn theory you probably could wholesale to an entity that you own, but it wouldn't serve any purpose other than to create a lot of extra/unnecessary paperwork.  

Given your strong net worth and experience, investors might be interested in a short-term investment with a clear exit strategy.Home Equity Line of Credit (HELOC): If you have significant equity in your personal residence or other properties, a HELOC can provide access to funds without selling any assets.Securities-Backed Line of Credit (SBLOC): If you have an investment portfolio, you could borrow against the value of your securities without liquidating them.Seller Financing: Negotiating with the seller to finance part of the purchase price can reduce the immediate cash requirement.

Not really one to consider, but an example I see not unfrequently was $1.2 purchase price with $7000/month rent.